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Goldenrodfx-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-12-27 18:03

Abstract:Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.

Note: Goldenrodfx's official website - https://goldenrodfx.com/ is currently inaccessible normally.

Goldenrodfx Review Summary
Founded2020
Registered Country/RegionSeychelles
RegulationNo regulation
Market Instruments250+
Demo Account✅
LeverageUp to 1:200
EUR/USD SpreadFrom 6 pips
Trading PlatformWeb
Min Deposit/
Customer SupportEmail: support@goldenrodfx.com
Address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles

Goldenrodfx Information

Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.

Goldenrodfx

Pros and Cons

Pros Cons
Demo accountsInaccessible website
Multiple account typesNo regulation
Wide spreads
No MT4/MT5 platform
Unclear minimum deposit
Unknown payment options
Only email support

Is Goldenrodfx Legit?

No. Goldenrodfx currently has no valid regulations. Please be aware of the risk!

No license

Account Type

Here are three account types Goldenrodfx offers:

Account TypeMax Deposit
Premium$2,000
Advanced$1,000
Beginner$250

Leverage

Goldenrodfx offers max leverage capped at 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spread

As tested at Goldenrodfxs demo web account, the spread for the benchmark EUR/USD pair was floating around 6 pips, which is much higher than those regulated brokers.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Web-based platform✔//
MT4❌/Beginners
MT5❌/Experienced traders
Web-based platform
LeverageBrokerCurrency PairDealerForex tradingForex BrokerForex Currency pairleverage in forexforex pipsforex market

Related broker

No Regulation
Goldenrodfx
Company name:Goldenrodfx
Score
1.50
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.50

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